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VIDEO
Watch: The pillaging of VBS Mutual Bank – Daily Maverick journalists unpack the fraud at the heart of the bank’s failure
Although VBS Mutual Bank collapsed six years ago, it has been in the headlines this month following an affidavit by its former chairperson, Tshifhiwa Matodzi, that could well prove to be a smoking gun for many of the perpetrators of the fraud at the heart of the bank’s failure. In this video, journalists Pauli van Wyk and Neesa Moodley explain what happened.
Illustrative image: Economic Freedom Fighters (EFF) leader Julius Malema. (Photo: Gallo Images / The Times / Alon Skuy) | VBS Mutual Bank customers in queues outside the bank. (Photo: Antonio Muchave / Sowetan) | Nadine Hutton / Bloomberg via Getty Images